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What are the primary agricultural goods produced in the us?
The primary agricultural goods produced in the US are corn, soybeans, and hay. Wheat, cotton, and grain are also major agricultural goods.
What goods were not produced in the south?
In the antebellum South, goods such as manufactured items, textiles, and machinery were not produced in significant quantities. The region primarily focused on agricultural products, particularly cotton, tobacco, and rice, relying on the North and Europe for industrial goods. This dependence on agriculture and external manufacturing limited the South's industrial development. As a result, items like tools, clothing, and household goods were typically imported from other regions.
What determines what goods and services are produced?
Consumers determines what goods and services are produced.
Why is what to produce a problem in every economy?
What to produce?There are two aspects of this problem--- firstly, which goods should be produced, and secondly, what should be the quantities of the goods that are to be produced. The first problem relates to the goods which are to be produced. In other words, what goods should be produced? An economy wants many things but all these cannot be produced with the available resources.Therefore, an economy has to choose what goods should be produced and what goods should not be. In other words, whether consumer goods should be produced or producer goods or whether general goods should be produced or capital goods or whether civil goods should be produced or defense goods. The second problem is what should be the quantities of the goods that are to be produced.Production of goods depends upon the use of resources. Hence, this problem is the problem of allocation of resources. If we allocate more resources for the production of one commodity, the re­sources for the production of other commodities would be less.
Why is to produce a problem in every economy?
What to produce?There are two aspects of this problem--- firstly, which goods should be produced, and secondly, what should be the quantities of the goods that are to be produced. The first problem relates to the goods which are to be produced. In other words, what goods should be produced? An economy wants many things but all these cannot be produced with the available resources.Therefore, an economy has to choose what goods should be produced and what goods should not be. In other words, whether consumer goods should be produced or producer goods or whether general goods should be produced or capital goods or whether civil goods should be produced or defense goods. The second problem is what should be the quantities of the goods that are to be produced.Production of goods depends upon the use of resources. Hence, this problem is the problem of allocation of resources. If we allocate more resources for the production of one commodity, the re­sources for the production of other commodities would be less.
What is primarily produced in South Korea?
Almost everything from electronic goods to ships are produced in South Korea.
What are the primary agricultural goods produced in the us?
The primary agricultural goods produced in the US are corn, soybeans, and hay. Wheat, cotton, and grain are also major agricultural goods.
What major goods were produced in the New England Colonies?
Renown for shipbuilding
Where are the most goods produced or grown in Australia?
The most goods are produced and grown in Australia's southeastern quadrant, incorporating southeast and southern Queensland, and the states of Victoria and New South Wales.
What were the major crops produced in the south?
cotton and things of that nature...
What are the five problems all economic system face?
Which goods should be produced? How will the goods be produced? For whom will the goods be produced? How much goods should be produced? At what rate will the goods depreciate? A+
What are Five problems all economic systems face?
Which goods should be produced? How will the goods be produced? For whom will the goods be produced? How much goods should be produced? At what rate will the goods depreciate? A+
Who had better weapons in the civil war?
By far it was the Union (North) that had better weapons. They had factories that produced goods and weapons and the Confederates (South) only had farms. This was one of the major reasons for the war in the first place!
How Germany produced goods and service and why?
Germany goods and service are produced
What determines what goods and services are produced?
Consumers determines what goods and services are produced.
What did the new American middle classs create?
A market for mass-produced goods
Why is what to produce a problem in every economy?
What to produce?There are two aspects of this problem--- firstly, which goods should be produced, and secondly, what should be the quantities of the goods that are to be produced. The first problem relates to the goods which are to be produced. In other words, what goods should be produced? An economy wants many things but all these cannot be produced with the available resources.Therefore, an economy has to choose what goods should be produced and what goods should not be. In other words, whether consumer goods should be produced or producer goods or whether general goods should be produced or capital goods or whether civil goods should be produced or defense goods. The second problem is what should be the quantities of the goods that are to be produced.Production of goods depends upon the use of resources. Hence, this problem is the problem of allocation of resources. If we allocate more resources for the production of one commodity, the re­sources for the production of other commodities would be less.
